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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC)
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To: Director who wrote (4113)8/3/2000 7:02:04 PM
From: Link Lady  Read Replies (1) of 4231
 
I'm going to take a stab at this one and I expect "E" to correct me if I'm wrong.

Regarding the securities not being for sale in US means the warrants when converted to shares cannot be sold in US unless such resale is registered under the Securities Act or an exemption from registration is available ex. Form 144.(Probably not the correct form but a similar one.)
This is a Canadian financing I am assuming.

7,200,000/.9= 8mil shares (x2 if sharepurchase warrant is exercised within 3 yrs.)

Here is the hard part, and as I am not sure of the cost lets say they are equal to 1mil debentures.?
Conversion price is 1.40 (need explanation of this one from some one more informed) Conversion date is by July 31, 2001

It will take 3 units to equal 1 class A, 1 class B and 1 class C warrants conversion price at $2. $4 and $6 respectively and have a term of no more than 4yrs

Interst rate is 12% yearly ouch

Now if I have figured this correctly this equals 17mil shares if all are exercised. 8 mil shares (now) probably will be released after a prospectus is filed. Let's hope this is done on time as there ususlly is a penalty for being late. Anyone know if there is a clause to this effect?

Open for correction, but tell me where.Learning.
Wendy
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